Jan 20


  • BY: Nati
  • January, 20th, 2015 7:36 +00:00

Good morning,

In Asia we saw Chinese GDP figures released overnight, growing slightly more than analysts estimated. Industrial Production and Retails Sales figures published also beat expectations. The Bank of Japan starts a two-day policy meeting today, with a press conference scheduled for tomorrow. USDJPY trading at 118.41 New Zealand’s Consumer Price Index figures will be published at the start of tomorrow’s Asian session.

The NIKKEI was trading at 17366.30 up 352.01 points or 2.07%

In Europe where in Davos Switzerland the World Economic Forum starts today. The European Central Bank is expected to start buying sovereign bonds, according to Olivier Blanchard, the IMF Chief Economist. EURCHF is trading at 1.0207 following last week’s move that sent shockwaves through the market. The German and Euro Zone ZEW Survey of Economic Sentiment today will be released. Tomorrow we await the Bank of England’s Interest Rate decision.

The FTSE100 closed at 6585.53 up 35.26 or 0.54% while the DAX closed at 10242.35 up 74.58 points or 0.73%

Across the Atlantic we see the US markets come back to work following MLK Day. Today the Redbook Index and the NAHB Housing Market Index are expected. Looking ahead we await the Canadian Interest Rate decision tomorrow, with an unchanged 1.0% expected by the market. USDCAD was trading at 1.1963 GOLD trading at $1277 per ounce, gaining almost $50 per ounce since Thursday.

The DOW closed at 17511.57 up 190.86 points or 1.10%

Hope you all have a nice day.